2018-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2018 reached CNY 49.81 billion, a 32.75% increase compared to CNY 37.52 billion in the same period last year[19]. - Net profit attributable to shareholders was CNY 2.53 billion, representing a 67.82% increase from CNY 1.51 billion year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 2.38 billion, up 172.00% from CNY 873.71 million in the previous year[19]. - Cash flow from operating activities amounted to CNY 4.98 billion, a 50.66% increase compared to CNY 3.31 billion in the same period last year[19]. - Basic earnings per share for the first half of 2018 were CNY 0.110, a 59.42% increase from CNY 0.069 in the same period last year[20]. - The total profit amounted to 3.781 billion RMB, with net profit attributable to shareholders reaching 2.526 billion RMB, a significant increase of 67.82% from 1.505 billion RMB in the previous year[33]. - The company's total revenue for the first half of 2018 reached 49.81 billion RMB, an increase of 16.75 billion RMB compared to the same period last year[62]. - The comprehensive gross margin for the company is 14.25%, a decrease of 0.34 percentage points year-on-year, primarily due to the increased proportion of trade income[54]. Production and Sales - The company produced 104,911 kg (3,372,964 ounces) of gold, an increase of 21.87% compared to 86,083 kg in the same period last year[34]. - Copper production reached 337,212 tons, reflecting an 8.57% increase from 310,589 tons in the previous year[34]. - Zinc production was recorded at 243,628 tons, a slight decrease of 0.49% from 244,828 tons in the previous year[37]. - The company’s gold business accounted for 46.53% of the total operating revenue during the reporting period[34]. - The average price of gold during the first half of the year was 1,317.73 USD/ounce, a year-on-year increase of 6%[26]. - The total production of zinc and lead amounted to 167,585 tons, with zinc production at 148,311 tons and lead production at 19,274 tons[39]. - Silver production decreased by 8.64% year-on-year to 307,787 kg, with mining silver at 115,144 kg, down 6.17%[40]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 90.99 billion, a 1.60% increase from CNY 89.55 billion at the end of the previous year[19]. - The company's net assets were 37.721 billion RMB, with a slight decrease of 0.06% from 35.187 billion RMB at the beginning of the year, primarily due to a profit distribution of 2.073 billion RMB[33]. - The total liabilities reached 53.27 billion RMB, up from 51.67 billion RMB at the end of the previous year[190]. - The total equity attributable to shareholders was 34.98 billion RMB, slightly down from 35.00 billion RMB at the end of the previous year[190]. Research and Development - The company has established a complete research and development system, including the only national key laboratory in the gold industry[25]. - R&D expenditure was ¥135.96 million, a slight increase of 2.12% from ¥133.14 million year-over-year[69]. - The company’s technological innovation efforts have been recognized, with a key laboratory for low-grade gold resource utilization passing national evaluation[50]. Internationalization and Acquisitions - The company’s internationalization efforts have accelerated, with significant contributions from overseas projects such as the Kolwezi copper mine in the Democratic Republic of the Congo[32]. - The company is actively pursuing multiple overseas acquisition opportunities to accelerate international development[46]. - The company plans to enhance its international strategy and complete annual operational targets, focusing on production and sales maximization[75]. Environmental and Safety Management - The company has established a comprehensive safety and environmental management system, aiming for zero fatalities and zero environmental incidents[47]. - The company strictly adheres to national environmental protection laws and regulations, focusing on resource conservation and pollution reduction[130]. - In the first half of 2018, all key pollutant discharge units met national and local environmental discharge standards, achieving stable compliance in wastewater, waste gas, and noise management[131]. - The company is committed to ecological civilization construction and pollution reduction initiatives[130]. Financial Management - The company's financial expenses decreased by 45.76% year-on-year to 660.42 million RMB, mainly due to reduced exchange losses from RMB fluctuations[57]. - Investment income for the first half of 2018 was 127.61 million RMB, an increase of 44.80 million RMB compared to the previous year[59]. - The total bank credit amount reached 135.1 billion RMB, with 30.9 billion RMB utilized and 104.2 billion RMB unutilized as of June 30, 2018[178]. Shareholder Information - The company has a total of 740,950 common stock shareholders as of the end of the reporting period[155]. - The largest shareholder, Minxi Xinghang State-owned Assets Investment Co., Ltd., holds 5,960,742,247 shares, representing 25.88% of total shares, with 289,389,067 shares frozen[158]. - The total number of shares held by the top ten shareholders with limited sale conditions is 5,671,353,180 shares[158]. Social Responsibility and Community Engagement - In the first half of 2018, the company invested over RMB 62 million in 71 poverty alleviation projects, improving infrastructure and education in surrounding rural areas[123]. - The company allocated RMB 6,257.31 million for poverty alleviation efforts, with RMB 1,000 million specifically for healthcare resources in impoverished areas[124]. - The company has established a long-term mechanism for precise poverty alleviation, aligning with the national goal of eradicating poverty by 2020[120].